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SENDELBACH v. SIXTY-FIVE WEST BROADWAY EQUITIES

230 A.D.2d 728 (1996)

646 N.Y.S.2d 450

Charles Sendelbach et al., Respondents, v. Sixty-Five West Broadway Equities et al., Defendants, and Stephen K. Easton et al., Appellants

Appellate Division of the Supreme Court of the State of New York, Second Department.

August 5, 1996

Ordered that the amended order and judgment is affirmed, with costs.

Contrary to the appellants' contention, neither the interest rate on the underlying debt nor the default interest rate charged to them under the stipulation of agreement entered into by the parties was usurious (see, Banking Law § 14-a; Penal Law § 190.40; Klapper v Integrated Agric. Mgt. Co., 149 A.D.2d 765). In addition, the court properly...

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